Anil Ambani Net Worth in Rupees 2023: Is he really going on a journey of ‘millionaire to zero’? Let’s find out

In today’s world, everyone is familiar with the Ambani brothers. Mukesh and Anil Ambani are co-owners of India’s most successful company- Reliance. As for Anil Ambani, he is the Chairman of Reliance ADA Group thus making him one of the most reputed people in the corporate world of India and abroad as well. However, in some previous years, he has suffered major losses losing most of his fortune. Media often term him as the man who went from riches to rags.

Anil Ambani Net Worth In Rupees (2023): Journey From Riches to Rags

The son of a famous business tycoon Dhirubhai Ambani, Anil joined the Reliance Group and started working on its financial growth in the late 1980s. He played a significant role in the telecom industry and formed Reliance Infocomm in 2002. Gradually, the company became India’s top telecom provider. He also pushed Reliance to get into the electricity industry by forming Reliance Power. 

In 2008, Anil Ambani’s net worth was reported to be $42 billion, showing his success and growth in the global market. As per Forbes Magazine, he was among the top 10 wealthiest people in the world at that time. Following a global crisis in 2008, things start to change for him. All investments he did in electricity, infrastructure, and telecommunication started to go bad. Plus, the dispute with his older brother Mukesh Ambani in 2010 marked in loss of all of his net worth. As per reports, there were a lot of disagreements that were never settled due to which he suffered a major setback. 

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His name was also involved in the SBI and 2G scandal. The inquiry was done to find his involvement with Swan Telecom due to this, his net worth fell to $8.8 billion in 2011. In 2013, he suffered more losses when one of his ventures Reliance Power was shut down because of loss, making his net worth fall even more to $5.2 billion. His problems didn’t stop there, in 2016 he faced even more losses due to operational troubles. During that time, his total net worth was just left to $2.5 billion. He was forced to sell all the shares of Reliance Power to pay his debt along with shutting down the operations of Reliance Communications.

In the following year, he had to file for bankruptcy. He had to liquidate all of his assets in order to pay his debtors. The Supreme Court ordered him to pay all his debts or face major consequences including jail. His brother Mukesh Ambani stepped in to pay his $4.5 billion bailout. As per the latest reports, Anil Ambani’s net worth now fell to just $500 million.